In 1944, when the Red River Lumber Company sold Westwood and its Burney Tract, the company still owned a large quantity of timberland in Northern California, besides other properties across the nation. The dissolution process would take years, and like many family affairs some members of the Walker family went their separate ways.
In January 1948, the Walker heirs announced they formed a co-operative company, Shasta Forests to manage their timber holdings. Seasoned residents referred to it as Shafco. In 1969, it went through a reorganization process and a new entity evolved as Red River Forest, which continues to this day. It should be noted that the property is managed by W.M. Beatty & Associates, who have had a long affiliation with the Red River heirs.
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